Storefront Academy Charter School

EIN: 471938137 501(c)(3) Education

BRONX, NY

Total Revenue
$10,448,096
Total Expenses
$12,001,230
Total Assets
$29,935,049
Net Assets
$-1,664,556
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2014
Legal Domicile
NY
Phone
6467587205
Tax Period
2024-07-01 to 2025-06-30

Storefront Academy Charter School, founded in 2014, is a mid-sized nonprofit in the Education sector that reported $10.4M in total revenue in fiscal year 2024. Expenses of $12.0M exceeded revenue, resulting in a 15% operating deficit.

Mission

STOREFRONT ACADEMY CHARTER SCHOOL IS A PUBLIC CHARTER SCHOOL THAT EDUCATES URBAN YOUTH OF ALL LEARNING ABILITIES, FROM KINDERGARTEN THROUGH THE FIFTH GRADE, WITH THE EVENTUAL GOAL OF EDUCATING STUDENTS BEGINNING FROM KINDERGARTEN THROUGH THE EIGHTH GRADE.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $988,279
Program Service Revenue $9,431,941
Investment Income $28
Other Revenue $27,848
TOTAL REVENUE $10,448,096

Expense Breakdown

Grants Paid $0
Salaries & Benefits $6,193,435
Fundraising Expenses $0
Program Expenses $9,814,473
Other Expenses $5,807,795
TOTAL EXPENSES $12,001,230

Year-over-Year Comparison

2024 2023 Change
Revenue $10,448,096 $9,908,266 +0.1%
Expenses $12,001,230 $10,820,751 +0.1%
Net Income $-1,553,134 $-912,485 +0.7%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
6
Independent Members
6
Employees
97
Volunteers
6

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✓ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$110,158
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Atta Acheampong SECRETARY 3.0
Officer Director
$0 $0 $0
JEWELL STEWART VICE CHAIR 3.0
Officer Director
$0 $0 $0
JONATHAN STEARNS TREASURER 3.0
Officer Director
$0 $0 $0
PETER LOW CHAIR 3.0
Officer Director
$0 $0 $0
AMANDA LOW TRUSTEE 1.0
Director
$0 $0 $0
RICHARD BAYLES TRUSTEE 1.0
Director
$0 $0 $0
Marie Lucas Director of Operations 40.0
Officer
$110,026 $132 $110,158
CAROL LAWRENCE SINGLETARY PRINCIPAL 40.0
Highest
$134,282 $13,646 $147,928
CATHERINE BROWN Special Education Teacher 40.0
Highest
$110,984 $13,629 $124,613
KATHERINE VASQUEZ Lead Teacher 40.0
Highest
$104,777 $13,594 $118,371
TALEEMA CHESNEY PRINCIPAL 40.0
Highest
$126,672 $13,626 $140,298
YOSELYN FERNANDEZ ASSISTANT PRINCIPAL 40.0
Highest
$132,975 $13,629 $146,604
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $10,448,096 $12,001,230 $29,935,049 $-1,553,134
2024 $9,908,266 $10,820,751 $32,150,831 $-912,485
2023 $9,167,980 $9,514,672 $7,715,242 $-346,692
2022 $10,689,848 $9,962,193 $3,105,280 $727,655
2021 $10,238,198 $8,950,751 $2,744,185 $1,287,447
2020 $8,438,348 $7,889,633 $2,758,392 $548,715
2019 $4,792,168 $4,684,687 $1,020,717 $107,481
2018 $2,564,084 $3,433,732 $602,419 $-869,648
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